MIRA INFORM REPORT

Report Date :

12.06.2014

IDENTIFICATION DETAILS

Name :	BSRM IRON & STEEL CO. LTD.

Registered Office :	Ali Mansion, 1173/1207, Sadarghat Road, Chittagong

Country :	Bangladesh

Date of Incorporation :	13.04.2005

Com. Reg. No.:	CH-5415

Legal Form :	Private Co

Line of Business :	Manufacturer of Graded Billet (Raw material for steel.)

No. of Employees :	250

NOTES :

Any query related to this report can be made on e-mail: infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – March 31^st, 2013

Country Name

Previous Rating

(31.12.2012)

Current Rating

(31.03.2013)

Bangladesh

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

BANGLADESH - ECONOMIC OVERVIEW

In real terms Bangladesh's economy has grown 5.8% per year since 1996 despite political instability, poor infrastructure, corruption, insufficient power supplies, and slow implementation of economic reforms. Bangladesh remains a poor, overpopulated, and inefficiently-governed nation. Although more than half of GDP is generated through the service sector, 45% of Bangladeshis are employed in the agriculture sector with rice as the single-most-important product. Bangladesh's growth was resilient during the 2008-09 global financial crisis and recession. Garment exports, totaling $12.3 billion in FY09 and remittances from overseas Bangladeshis, totaling $11 billion in FY10, accounted for almost 12% of GDP

Source : CIA

IDENTIFICATION DETAILS

Correct company Name	:	BSRM Iron & Steel Co. Ltd.
Head Office	:	Ali Mansion, 1173/1207, Sadarghat Road, Chittagong, Bangladesh.
Tel No	:	88-031-2854901-10, 613282, 613759, 637758, 635380, 635382
Fax No	:	880-31-610101
E-mail	:	dhaka@bsrm.com; mail@bsrm.com
Website	:	www.bsrm.com
Date/ Year of Incorporation	:	13.04.2005
Incorporation No.	:	CH-5415
Legal Form (General)	:	Public Listed Co Public (but not listed) Private Co State-owned Co Sole Proprietorships Partnership Not Registered others (please specify) ________________
Legal form (Specific)	:	LTD CORP INC CO others (please specify) ________________
Issuing Authority	:	Registrar of Joint Stock Companies & Firms City Corporation Municipal Administration Union Council Cantonment Board Chief Controller of Import & Export (CCIE)

FINANCIALS- SUMMARY
Year	Turnover/ Sales	Assets		Income
2011	Tk.310Million	Tk.5900Million		Tk.15.10 Million
2012	Tk. 333 Million	Tk. 6,176.55 million		Tk.22.50 Million
Exchange Rate	USD1-Tk. 77.8200 EUR 1- Tk. 100.2711 GBP 1- Tk.118.5354 AUD 1 - Tk.82.8563 JPY 1 - Tk.0.9286		CAD 1 - Tk.80.1887 SEK 1 - Tk.12.2870 SGD 1 - Tk.65.3045 CNH 1 - Tk.12.8399

Sales Trend – Analysis:
2002	2003	2004	2005	2006	2007	2008	2010	2011	2012
-	-	-	-	-	-	-

FULLCHECK REPORT DETAILS
Information Parted By

Name	:	Mr. Md. Morshed
Designation	:	Commercial Officer
Contract No	:	N/A

Locations Details

Business Address	:	Ali Mansion, 1173/1207, Sadarghat Road, Chittagong, Bangladesh.
Tel No	:	88-031-2854901-10, 613282, 613759, 637758, 635380, 635382
E-mail	:	dhaka@bsrm.com; mail@bsrm.com
Fax No	:	880-31-610101
Website	:	www.bsrm.com

Location :

: Owned

Rented

Own

Area

3500

Sq. Ft.

Type of Office :	: Commercial Office Bldg.	Ö		Semi-commercial office Bldg.
	Retail shop		Industrial Park
	Business Center		Home Office
	Residential Bldg.

Factory:

Address	:	202-205, Nasirabad I/A, Baizid Bostami Road, Chittagong, Bangladesh.
Tel No	:	N/A
Fax No	:	N/A

Location :

Owned

Rented

Leased

Area

2.5

Acres

Branches:

Address	:	Mahbub Castle (2nd Floor) 35, Purana Paltan Line, Dhaka-1000, Bangladesh.
Tel No	:	02-8313135, 9358135
Fax No	:	02-8312905

Location :

Owned

Rented

Leased

Area

2500

Sq. ft.

Employee:

No. of Employees	In Office	:	72	In Factory	:	153
	In Branch:	:	25	Total	:	250
Details:

OWNERSHIP/SHAREHOLDERS
Names of Shareholders	No. of Share
Mr. Aameir Alihussain	59250
Mr. Zohair Taherali	247090
Mrs. Tehseen Zohair Taherali	25500
Mr. Alihussain Akberali	1258250
Ms. Bilkis Alihussain	44910
H. Akberali And Co. Ltd.	3649050
BSRM Steel Ltd.	104500000
Vortex Investments Ltd.	215950

DIRECTORS
Name	Designation
Mr. Alihussain Akberali	Chairman
Mr. Aameir Alihussain	Managing Director
Mr. Zohair Taherali	Director
Mrs. Tehseen Zohair Taherali	Director

MANAGEMENT
Name	:	Mr. Md. Morshed
Job Description	:	Commercial Officer
Nationality	:	Bangladeshi
Email address	:	-
Other details	:	-

BUSINESS OPERATIONS
Nature of Activity :	Manufacturer	Ö	Trader	Dealer	Distributor	Ö

	Exporter		Importer	Services	Others

Range of Products/Item Dealings In:

Products	:	Graded Billet (Raw material for steel.)
Production Capacity	:	1.50 lakh tons billet per year.
Last Year Production	:	Do.

Trading Terms:

Purchasing Terms:	L/C	Ö	Cash		Others
	Credit :		30 days	Ö	60 days		90 days			days

Selling Terms :	L/C		Cash	Ö	Others
	Credit :	Ö	30 days		60 days		90 days			days

DETAILED DATA
Trade Reference & Related Parties	:	Overseas Clients		:	N/A	Local Clients	:	Local peoples
		Overseas Suppliers		:	N/A	Local Suppliers	:	N/A
Trade Markets	:	Exports		:	N/A
		Imports		:	China, India, Germany
Brand Name	:		BSRM
Certified	:		ISO 9001:2008
Auditors	:		Nil
Operation Status	:		Active
Member	:		N/A

CAPITAL STRUCTURE
Authorized Capital	:	Tk. 300 Crore
Paid-up Capital	:	Tk.1,10,00,00,000	No. of Shares	:	110000000	Share Value	:	Tk.10.00Each
Main Assets	:	Tk. 6,176.55 million

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES
Sister Concerns	:	Bangladesh Steel Re-Rolling Mills Ltd. Meghna Engineering Works Ltd. BSRM Steels Limited (BSRMS) BSRM Recycling Industries Ltd BSRM Wires Ltd. KEW Ltd. BSRM Logistics Limited BSRM Metals Limited BSRM Real Estates Limited BSRM Ispat Limited
Subsidiary	:	N/A
Name of The Group	:	BSRM Group of Companies

BANKInG

Bank Name

AB Bank Ltd.

AL-Arafah Islami Bank Ltd.

Dhaka Bank Ltd.

Eastern Bank Ltd

Janata Bank Ltd.

Islami Bank BD Ltd.

Mercantile Bank Ltd

Mutual Trust Bank Ltd.

ADVERSE DATA MONITORING
Dishonored Checks	:	No Record Found
Debt	:	No Record Found
Litigation	:	Clear
Performance Defaults	:	No Record Found
Adverse Local Media Coverage/ Adverse Filling History	:	No Record Found

SITE VISIT COMMENTARY

Our representative visited the subject company Head Office address which is situated at Ali Mansion, 1173/1207, Sadarghat Road, Chittagong, Bangladesh.

GENERAL COMMENTS

Established in 2005, the subject is mainly engaged in Manufacturer & Distributors of Graded Billet (Raw material for steel). Having been in operation for several years, the subject maintains accepted business volume.

Reputation in the market, as well as its financial condition, we recommended that Credit can proceed promptly in Fairly large amount

Adopted Abbreviations:
	NA- Not Available	TK- Bangladeshi Taka

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.59.33
UK Pound	1	Rs.99.42
Euro	1	Rs.80.32

INFORMATION DETAILS

Report Prepared by :

NIS

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.

MIRA INFORM REPORT

IDENTIFICATION DETAILS

FINANCIALS- SUMMARY

FULLCHECK REPORT DETAILS

OWNERSHIP/SHAREHOLDERS

DIRECTORS

MANAGEMENT

BUSINESS OPERATIONS

DETAILED DATA

CAPITAL STRUCTURE

ASSOCIARES/SUBSIDIARIES/ RELATED PARTIES

BANKInG

ADVERSE DATA MONITORING

SITE VISIT COMMENTARY

GENERAL COMMENTS

Unit